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tv   The Willis Report  FOX Business  July 17, 2014 5:00pm-6:01pm EDT

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liz: "the willis report" is next. gerri you look at impact of the plane crash and what it means for everybody watching on fox business. gerri: liz and dave, thanks for that. all eyes on the ukraine and gaza. should you watch your wallet as international tensions send stocks tanking. coming today on the show, we're taking a wild ride with the tour of the best water parks in the country. when you have kid and water together, safety is a top priority. we'll show you a dramatic rescue and important lesson every family needs to learn tonight. we're helping you get into finances into shape with our money coach. "the willis report" where consumers is our business starts right now. gerri: we begin with the latest on the malaysian boeing 777 shot down over ukraine today. u.s. intelligence officials now say it was russian-made surface-to-air missile that brought the plane down but those officials are not sure where it was fired from. we know the plane went down between the border between
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ukraine and russia. escalating tensions between the u.s. and russia over the incident had a big impact on the markets. wall street's so-called fear index had its biggest gain in more than a year. there was a definite flight to safety. treasury bond rallied and stocks fell sharply. the dow was down 161 points. the nasdaq down 62. oil up over 2 bucks a barrel. for more on this, fox news national security analyst, kt mcfarland. thanks for being with us. a real pleasure to have you here. i said before we really don't know where this missile was fired from, the ukraine or russia, that took this plane down. does it really matter? >> what is important about it is that it rips the veil off of putin phony war in eastern ukraine. i was in ukraine about five weeks ago. i met with the head of the intelligence services and the military and they talked about putin's phony war. look, we've been invaded in eastern ukraine. but putin has very cleverly used special forces where they're not wearing russian insignia.
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military equipment had russian logo washed off the side. it is in fact a russian invasion with russian special forces going into eastern ukraine, hooking up with ethnic russians there and whooping everybody up into war fever. now what is apparent from this, is whether it was russians who pulled trigger and downed the malaysian airliner which i think is unlikely or whether it was sloppy work by the russian separatist rebels where they thought they were getting a ukrainian plain. oops, turns out to be civilian airliner. what it does show that the russians are hand-in-glove working in eastern ukraine. so the whole notion that putin had plausible deniability, it is not me, i have nothing to do with these guys, that is no longer the case. he has been caught red-handed. the question will be how does the west respond. gerri: what you're suggesting is even more scary than the russians downing a plane which is the russians giving very sophisticated weapons to folks who probably don't know how to use them very well. tell us about the dangers of
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these weapons, how sophisticated and intense they are. >> let's backtrack to say earlier this week the russians separatists shot down two ukrainian planes and bragged about it, using same, presumably the same missile system. they earlier today, they put out another on their social media, they tweeted out, hey, we got another one, we got another ukrainian transport plane. this is evidence that we're able to protect our airways, and anybody wants to fly over our airspace will be taken down. that tweet, that was deleted just a few minutes later it was clear it wasn't a ukrainian military plane but a civilian, malaysian civilian aircraft. so these guys have gotten pretty trigger happy. they have gotten a little sloppy. that is one of the biggest problems in any proxy war, whether the united states arming rebels who turn out to be al qaeda. whether russians arming eastern ukrainian separatist it is. if you put sophisticated weapons into the hand of people who will not be held responsible for them
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and not really sure about the ramifications, only thinking about their little moment in the next week or two and how they're going to fight their little war, the problem is then has opportunity and chance of escalating. that is what is so concerning. >> we're showing pictures of this plane right now. it is in pieces. all over the ground apparently, a nine-mile debris field. you know, just last night, kt, we were covering the president saying he was increasing sanctions on russia, in part because of what is going on in the ukraine. that russia really led a war there under cover. and he wants it stopped. is there anything to, any reason to think that this action today has anything to do with that announcement yesterday? and tell us about the state of relations between the u.s. and russia? >> i think they're probably separate tracks. putin is ticked off about the sanctions, gerri, to be really honest those sanctions were not. one of the people on a previous sanction list, there were six previous round of sank schuss, the guy head of the russian oil
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company guess where he was while obama was putting more sanctions on russia? he was in cuba with putin, signing inking a deal to help russians develop the cuban offshore oil fields. i'm not so sure the russians are upset about these sanctions. they are more bluester than they are bite. the question will be will the europeans feel that they have to have sanctions, even if sanctions might do some damage to their own economy, is is it more important to have sanctions against the russians because of the fact, just easily could have been a german airliner shot down. gerri: before you go, is it your best guess this was just a mistake, an error made by folks who don't know how to use these missiles very well, or was this more intentional? >> i think is probably, hard to tell but my guess is it's a big mistake. who has incentive to do it? russian doesn't want their secret war discovered. the ukrainians didn't shoot it down. they're looking for aid from the west. the rebels they might have shot it down but much rather shoot down ukrainian aircraft but
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rather than civilian malaysian aircraft. gerri: more questions than answers. k, absolute pleasure to have you here, thank you. >> thank you. gerri: on the same story, mike boyd, aviation analyst joins us to flight from denver. mike, if i'm an international flight later tonight, do i need to ask the pilot if he is flying over a hot zone, war zone? i thought pilots would not try to do that? i'm shocked about this. what happened? why did this plane fly so close to a war zone? >> you would have to ask the folks at malaysian at. this is one of those things this was like regional battle, people were thinking flying over there at 33,000 feet nobody will bother with you. i don't think anybody thought of it anymore. as of today there will not be a an airliner within 1,000 kilometers into the ukraine, into or out of the place. gerri: the u.s. told folks not to fly planes, american airlines anywhere near since april but a lot of european airlines made
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not, had not made the same call. they are doing that today. i want to talk to you a little bit about, i'm sure you've seen the pictures and video of this plane coming down, the pictures you've seen so far, what does it tell you the cause, the reason this plane went down? >> it came apart in the air pretty obviously if you have a nine mile debris field. it came apart in the air which meant a catastrophic event hit it, a bomb, or in this case a missile. there is no question that it was taken down. the question is, were they aiming at something else and sophisticated missile system thought it found a better target? or were they aiming at an airplane 33,000 feet in the sky. you can't see it with the naked eye. those are the questions that have to be answered. were they aiming at this specific airplane or something else with equipment they don't know how to use? gerri: from what i understand this particular missile will lock on too aing per target pronto, to a bigger target, pronto unless you know how to manage and handle this
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equipment. let's talk about the the debris field, huge, bodies all over the field we saw some pictures of tonight. what happens next? who leads the investigation? who gets to see the black box? >> well, from what i understand the russians have a hold of the black box. we can write that one off getting any honest answers. but the question, this is a war zone. this is an area that is supposedly is occupied by russian separatist it is. so who will go in there and do forensic work? that's uncertain right now. and, this might be another tragedy for passengers and their families in terms of what is going to happen to my loved one going forward. this is a war zone. this is not a stable area. gerri: 23 americans apparently died in this. people from all over the world, many countries. aren't these countries going to demand some answers? >> the question is, who do they demand answers from? i would agree with kt. the answers have to come from that guy in the kremlin, mr. putin. this is his, this is his
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tragedy. this was his missile that knocked it down. whoever pulled the trigger. so the real answers have to come from russia, not from the ukraine. the russians here have blood on their hand. gerri: well, a lot of fingers pointing at putin and kremlin. mike, thanks for coming on tonight. always good to hear from you. >> thank you. gerri: still a lot more to come this hour including your voice. during the show we want you to facebook me or tweet me @gerriwillisfbn. what you think of tonight's topic at the bottom of the hour i will read your comments. summertime, full of fun but also brings hidden dangers. we have a man here to stay his personal story about dangers of kids and swimming pools. you won't want to miss this. (vo) rush hour around here
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gerri: welcome back. we'll talk about two very important safety issues involving children. in a moment a new warning about kids in hot cars. we have a very graphic experiment we want to show you, but first, the dangers of kids and water. take a look at some very dramatic video we got from police in cleveland. it shows an officer saving a 2-year-old's life after the child nearly drowns in a
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backyard pool. the whole thing was recorded on the officer's department issued body camera. now it is hard to watch but it does have a good ending. take a look. >> we hear you. >> breathe. >> 13. >> he is not breathing. there he is. >> let's to. >> oh, my god. gerri: what if that was your little child? isn't that the good news? you see the boy right there. everything turned out okay. it was scary few moments for the family. others are unfortunately not so lucky. with us, stu leonard junior. ceo of stu leonard stores, turning personal tragedy into national force to help families. stu, thanks for coming in. so good to see you. you know a lot about kids and water. what are you telling people? why should they be so careful?
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>> it is this time of year. it is nice and warm out and parents are out with kids. and thrilled to have your kid around the water. what happened to us, back in 1889 thought my wife was watching our son and she thought it she was watching him. it was a little bit of miscommunication as a result we lost our son to a drowning. gerri: this was a case, everybody thought everybody else was watching the child and unfortunately he wandered right into the pool. >> there were lots of adults around the pool too. it was like most of us would look at our regular family barbecues. it was a fun time. wasn't like nobody was watching. there wasn't adult presence earned. around. nobody was focused on the child. gerri: every time you tell me the story i get chills because the loss is to inscribable. you turned this into something else entirely. you said i will tell everybody
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else in the world about this and we'll stop this epidemic of little boys drowning in pools. >> i mean, i still get choked up just talking about it, but you know, it is a tough thing to go through. but one of the things we're trying to do is get the moms and dads and the grandparents out there now. just to be really careful with their children around the water at this time of the year. this is one of the most common forms of deaths for kids and it's preventable. and it is really not a lack of supervision. it is a lapse of supervision. gerri: just a second, just a couple of minutes and you can behind the eight ball and not know what is going on. let me give numbers. 10 deaths per day. the leading cause of death of kids age one to four. the sad fact is really little boys. they are the ones who are curious. they wander off, get to the edge much pool and look and look, and
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before you know it they're head first in the water. >> our son was chasing a balloon. one of the things we did do, we went out and bought every single book on water safety and swimming and stuff we could find. none of them were fun. so we wrote ally book ourselves. we've sold 160,000 copies. i mean we don't make any money. they're 4.59 each. we also have a free app for anybody on itunes. gerri: this is exciting. you actually put the app on, the book on an app. and it is a cartoon. >> yes. gerri: so really fun to look at for kids. i read it before. i've seen it. >> can you sing the song? we'll get you to sing the song. gerri: you sing the song. >> ♪ don't jump in until you learn to swim, cover your chest with a safe life vest ♪ i do this, ♪ grown-ups must watch you in the pool, you will be safe if you learn these rules, don't jump in until you learn to swim ♪ gerri: this man save ad million dollars through his charity to
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keep kid safe in the water, keep boys safe in the water. total tragedy. you turned it around. you made it something else. >> thank you. being here today and hopefully reaching parents out there. the nice thing, 100% of the money we do raise goes back to teaching really underprivileged kid how to learn to swim. my wife and i are proud of that. we're hoping we can touch one of your viewers out there, just to be safe. that will make our efforts worth it. gerri: great job, stu. great to see you. thank you so much. >> thank you for spreading the word. gerri: okay. coming up next, billions of taxpayer dollars are getting siphoned off at the pump. states are hiking gas taxes across the country. you will not believe were the extra money is going. more government waste coming your way, right after the break. [ male announcer ] the mercedes-benz summer event is here. now get the unmistakable thrill... and the incredible rush...
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gerri: tonight, how the government really spend your gas tax dollars. a huge percentage of what you pay at the pump is siphoned off by state and federal governments but billions of dollars of that revenue isn't going to make your roads and bridges better. we're following money with steve moore, chief economist at heritage foundation. >> hi, gerri. gerri: this is driving me over the edge i have to say. >> me too. gerri: they all want to raise gas taxes but the states are collecting 40 billion in gas taxes already. where is this money going? >> well i live in one of those states, gerri, that just recently raised its gas tax, virginia. we haven't seen the improvement in roads. there are a lot of answers to your question, gerri. a lot of the money is going to very wasteful transit and bus projects and bicycle paths and so on. i'm not, not necessarily opposed
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to those but they shouldn't pay for with gas tax, very simple. the gas tax was supposed to be used for building roads because drivers are ones that pay for it. another big problem, gerri, when you look at a lot of these states, there are studies come out in the recent weeks, that document this, a lot of states are stealing gas tax money and using it for things like medicaid. they're using it for things like education. they're using it to pay off debt service, past debt been owed, not paving road and filling potholes. it is infuriating. gerri: let's drill down right into that, to see exactly what steve's talking about. so in texas, 25% of gas tax revenues goes to education programs. >> right. gerri: not paving roads. in kansas a portion goes to medicaid and schools. new jersey gas taxes they're paying off interest on their debt. so they're not even getting down to the nitty-gritty of paying for improvements in roadways, bridges, tunnels, you name it. same is happening in new york
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state. how do they get away with this? niece dollars are supposed to allocated. >> be in a trust fund, right. gerri: specifically. this is issue of safety for families too. >> yeah, it is jujitsu accounting these states are using where they're essentially pilfering money that is supposed to be in a highway trust fund, gerri, that is supposed to be dedicated to building roads. they're using it for all the purposes you just mentioned. give you another example where i live again in virginia. we just spent billions of dollars on a new extension of the metro service. so now what they're doing, not only are they using highway, you know, gas tax money for that, but people on the toll road are now paying as much as 6 or $7 per trip to pay for rail system they don't even use. that is the kind of thing that is happening with this. that is why i get so angry when so many of liberals saying, just raise the gas tax. we've already done that.
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you're just not using money for roads needed to be built because we do need new roads in this country, we really do. gerri: look at highest gas taxed states. it is new york, california, connecticut, hawaii, michigan, pennsylvania, indiana, illinois and a lot of these states as you mentioned, raising gas taxes across the country. let me tell you, this comes at a worst time possible because over the course of this year we have seen gas taxes rise, inflation at consumer level. i don't care what the federal reserve says, through the roof. you go to a grocery store you're paying more for a steak, pork chops, butter, corn, milk, you name it. at what point does this stop and washington those crazy people inside of the beltway seeing reality that american families are facing? >> that's a great point. you know, the politicians are very reluctant to raise the gas tax even though they been doing it because it hits us in the
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pocketbook when we go to the gas pump. a lot of states are doing this, gerri, did it in virginia. we raise the wholesale price, but don't see tax as consumer. they, it is unbelievable, use accounting tricks. price of gas goes up but don't see the gas tax because it is allegedly being paid by the gas station service owner but they pass that on of course. gerri: now i'm really mad. now i'm really mad. >> sorry to spoil your day. i didn't even mention, gerri, something called the davis bacon act? you know what that is? gerri: tell me. >> requires union wages paid on these projects so you inflate by 20, 25% what it costs to build a road or highway. you could have four or five, you could have five bridges and highways for the cost of building four if we just rescinded that law. of course unions are so powerful i can't do it. by the way a lot of smaller contractors get victimized by that. gerri: you know how your mom told you to shop around? i guess the federal government
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doesn't believe in doing that. >> they sure don't. gerri: steve, thanks for coming on. good to see you. >> see you, gerri, take care. gerri: coming up later in the show it is the start of a new segment. "the willis report"'s money coach. we'll have a top financial expert solve one of our viewers money questions. temperatures are heating up and people are heading to the water parks to cool off. next we have the best water parks in the u.s. and what you can do to have fun but stay safe i'm m-a-r-y and i have copd.
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we're changing the way we do business, with startup ny. we've created tax free zones throughout the state. and startup ny companies will be investing hundreds of millions of dollars in jobs and infrastructure. thanks to startup ny, businesses can operate tax free for 10 years. no property tax. no business tax. and no sales tax. which means more growth for your business, and more jobs. it's not just business as usual. see how new york can help your business grow, at startup.ny.gov . gerri: it's water park season! and what better way to beat the heat than hitting water parks in the family. here to break down the wildest and wettest parks in the entire country is theme park expert rob alvi from theme park
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review.com, he's got all the answers. you know there are 1200 water parks in the country? this business is on fire! what's the coolest, cutting edge thing people are doing now in water parks. >> well, there's a lot happening in the water park business these days. we've seen the world's largest water slide open up in kansas city. people are going out there and having a good time and getting cool in the hot summer days. gerri: beautiful video for this segment. i want to walk through the fastest, most interesting water parks in the country. blizzard beach in orlando where you are, tell us about that? >> it is great. it's a heavily themed water park. it's theme to a ski resort where the snow is all melting, and there's all kinds of slides and lazy rivers, it has one of the -- i think it's a u.s.' tallest body slide which is a
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fantastic ride. you know, it's got one of the best family raft rides that you can go. steamboat springs, down hill double-double dipper, a great double hill. a tube slide. gerri: i have to tell you, i'm looking at the pictures, it doesn't even look real. it looks like one of the little toy houses basically, but really cool. let's move onto -- >> a great themed park. gerri: let's move to typhoon lagoon also in orlando, blizzard beach, fake snow. typhoon lagoon in orlando, tell us about it? >> typhoon lagoon themed to remote tropical island as though a typhoon has come through and created havoc with what's happening around you. it boasts one of the -- i believe it's the nation's largest wave pool, creates up to six-foot waves. i'm born and raised in southern california and go to typhoon lagoon to surf the waves there.
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gerri: i got to tell you, we're looking at pictures right now, seeing the waves. what else do they have? >> they're great! look at that. there's a five story drop slide that plummets you down into the dark. you know, and really it's all about the different slides. they have crush and gusher is one of the roller coaster-type water slides that pushes you uphill, and there's three different varieties of that. another family raft ride for you to enjoy and enjoying hanging out with the family and some of the -- really the world's best themed water parks. gerri: talk about splashin safari. >> yes, and santa claus, indiana. this park is attached to holiday world, and they have two of what's called a hydro magnetic water coasters, mammoth and wildebeest, and these are rides where it uses
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really new technology in the water park industry. it propels the boats up these hills, down fast hills, and mammoth, you can sit in rafts with family facing each other. it's a fantastic ride, it's thrilling, fun, and it keeps you cool. gerri: you know, i'm watching this, i think i'm screaming the whole time. if i do that, it's going to be a noisy ride, let me tell you. >> gerri, i'd be screaming too if i was on that. gerri: waterworld in denver has the screaming mimi. tell me about that? >> you are on this little tiny platform, it looks like a tray you put your food on and rocketing down the slide, when you get down to the bottom, you skip like a rock through the pool, and it's a very simple ride but it's great. waterworld boasts these dark rides, almost like floating through pirates of the caribbean with all of the
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animatronices and visuals. i don't think there is any other park in the u.s. where you can float by the thematic schemes, it's a unique experience and a different take on water rides. gerri: ron, our inner 12-year-old has come out in the segment. we're going to put this on the web, great video, fun segment. >> cool. gerri: thank you so much. >> you're very welcome. gerri: later, we're going to hear from terry williams who made a video of himself sitting in a hot car. you have to see this. to bring awareness to children who are dying in hot cars. first we want to hear from you. how would you save a child trapped in a hot car? rick tweets this, if it appeared to be a dire situation smash the window and call 911 and wait and deal with the consequences. makes sense. and jim tweets, i carry one of these, see that picture? in my car, it will break windows in the event someone is trapped and cuts seat belts, too. good stuff.
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margie posting on facebook page. call the police and wait with the child. lee posts, i could careless about being sued. i would call 911 and smash the window. you can take me to jail, but this kid needs to be saved. our viewers are brave. next, a brand-new segment, "the willis report" money coach. a financial expert is going to give money advice to one of our viewers. you don't want to miss it. here's our consumer gauge, the numbers that matter to you. we'll be right back. shingles affected me tremendously as a pilot.
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the blisters and the pain in my scalp area and down the back of my neck was intense. it would have been virtually impossible in that confined space with the rash to move to change radio frequencies. i would just stop and literally freeze up. i mean it hurt. i couldn't even get up and drive let alone teach somebody and be responsible in an airplane. when my doctor told me that shingles came from the chickenpox virus i was very surprised. for two weeks i sat up in bed because i couldn't lay down. i had the scabs all throughout the side of my head and into the upper neck region. i didn't want to do anything except go to sleep and have the pain be over. as a pilot that meant i was grounded.
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. gerri: we're kicking off a brand-new segment, called "the willis report" money coach. every week we'll have a top ranked financial adviser join you on set to get your financial questions asked. e-mail us gerriwillis.com, we'll answer your questions with a professional.
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ric edelman is here, rank as number one financial adviser by "barron's." he's here to offer advice to one of our viewers, 51-year-old paul from florida. i want to thank you for e-mailing us your question and agreeing to be on the show. thanks so much. tell us a little bit about yourself and what your concerns about retirement savings? >> thanks a lot for having me, gerri. well, my concerns are is i have only so much cash left in my portfolio. because of the fact that i purchased, you know, a lot of residential real estate in a bad time. you know, 2005, 2006. i took a lot of the cash they had and put it into the homes, doing repairs, fixing them up and making them right so i could -- the plan was to sell.
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gerri: did you want to flip them? was that the idea? >> well, you know, it was more than just a flip, you know. i was in the construction business with my son-in-law. we had all of the equipment. we had all of the knowledge to get this work done and go ahead and sell these homes, because there were foreclosures and things like that available to buy. well, we got caught up a little bit in the downturn of the real estate market. so it's kind of twofold. now i have five homes. one of them being my own residence which is fine, but the four homes are rented. you know, and down drastically. gerri: okay, let's bring in ric edelman for a second here. this is a question they think a lot of people have been through this very same thing, paul. ric, you know a lot of people out there want to take matters into their own hands and eager to exploit the knowledge they
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have in the marketplace. for a lot of people that's real estate. if you're in florida, that was a red-hot market for a very long time. what do you say to people who get in the situation where they are caught by a downturn in the market? >> difficult to get yourself out of it as he's now discovering. and really good he recognized he's got a career in the industry and therefore a do it yourself real estate owner, meaning he can make repairs and do construction projects which keeps the cost down dramatically. good plan, who would have thought 08 was going to happen? i can't beat him up too badly for that. where i can beat him up a little bit, he made two fundamental mistakes, and his experience can help an awful lot of people. the first is that he emphasized too much on one investment sector, in his case, it happened to be real estate. we've seen other people do this putting too much money in the stock market or too much money in a single stock or too much
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money into gold for example, there's a lot of that going on in the past five years. never fall in love with an asset class, it doesn't love you back, and it can change very quickly without your expectation. the first thing is to maintain diversification. don't let any one market sector cause you economic pain. the second is to recognize that you shouldn't be investing based on what you expect a market to do, whether it's the stock market or the real estate market or the oil market. you should be engaging in goals based investing, not asset class investing. in other words, start from the beginning, how much did you need your portfolio to grow? what were the goals and objectives? how much money were you trying to accumulate and over what period of time? is real estate the right asset class to deliver and achieve that goals, maybe we ought to discover it would be a completely different asset class than the one you invested in. the real message here is to apply this one today.
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what should he do right now? step back, ignore the real estate that he currently owns and answer two simple questions, how much money do you need to accumulate and over what period of time? once we know the answer to those two questions, we determine whether or not his current real estate investments are in his best interest. gerri: paul came to us with a specific question. what do you feel is the best way to max out return and be in a safe place with roth ira. my account has been treading water since 2006 and gone nowhere. he's got about two thirds portfolio in real estate and obviously wants to grow that part of his portfolio not in real estate. do i have that right, paul? >> yeah, and at this point now, ric is exactly right. i feel trapped in the real estate market which. is fine. you know, i have time to hang in there, keep my fingers crossed and hopefully get a turn in the market. on the other hand, i'm looking to maximize those assets, the
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crash assets that i have. maximize the return, because at this point now, it's almost a necessity because of the downturn in the real estate market. gerri: ric, you've got a quick response, ric, and i apologize, paul, for cutting you off, we're out of time. >> fine, fine. >> keep in mind, seek the maximum return doesn't necessarily deliver on promise, because taking big risks doesn't mean big return. i would encourage instead of diversify a portfolio. it is more likely to give you the return without taking excessive risk us that want to avoid. gerri: you guys were great. ric, thanks for coming on with the advice, paul, thanks for coming on with the question. >> thanks a lot for having me. gerri: still to come, a dramatic demonstration of the dangers of leaving your kids in hot cars. and gm back on the hot seat on capitol hill. more questions were asked but did we get the answers we wanted? stay tuned.
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♪ ♪ ♪ [ male announcer ] if you can't stand the heat, get off the test track. get the mercedes-benz you've been burning for at the summer event,
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going on now at your authorized mercedes-benz dealer. but hurry, offers end july 31st. share your summer moments in your mercedes-benz with us. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it helps pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. to me, relationships matter. i've been with my doctor for 12 years. now i know i'll be able to stick with him. [ male announcer ] with these types of plans,
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that will be here for you now -- and down the road. i have a lifetime of experience. so i know how important that is. . gerri: today for the first time we heard from the top lawyer at general motors. we heard from the man who runs delphi. that is the company that manufactured the faulty ignition switch which caused so many deaths. they appeared before a senate committee investigating the gm recall. this is the fourth time mary barra has been called to capitol hill. >> it is very clear that the culture of lawyering up and whack-a-mole to minimize liability in individual lawsuits killed innocent customers of general motors. how in the world, in the
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aftermath of this report, did michael milliken keep his job? gerri: so, michael milliken as she mentioned, i want to say is the top attorney at gm. joe wisenfelder is with us from cars.com. with us from chicago. joe, what did you learn from the testimony. i know you watched it all. >> i watched c-span so you don't have to, that's my motto. well, the general counsel, i have to say what we learned is that gm made changes and it's legal department and they failed utterly and dramatically to satisfy the people asking the questions. as you heard, wasn't just one senator who essentially called for milliken's dismissal right there in front of him on the witness stand. he didn't seem to know much, and he said no a lot as well. gerri: here's what i want to know, did he have any good
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explanation for what happened. let's face it, this company doled out $5 million settlements with lots of people and you got to keep that information secret. and you're saying milliken didn't know about that? what is his claim right now. >> settlements below $5 million were the way it was set up. didn't have to come to the top lawyer who is himself. it was under his, you know, oversight that this happened, but they were quick to say it was the responsibility of the lower ranking lawyers, five of whom were among the 15 gm employees dismissed over the scandal. so i think the senators are on point when they say how can someone who oversees the organization not be responsible. on the other hand, ceo mary barra said she believes this is the guy who's going to help fix the mess and she stood behind him. gerri: wow, i have to tell you he looked like a deer in the
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headlights in that first thought. joe, thanks for coming on. appreciate your time. >> you bet. gerri: we're going to switch gears now. earlier in the show we talked about swimming dangers, right? now we want to focus on another summer danger, every year about 40 children die because they were left in a hot car, and automobile can turn from a transportation system into a death chamber in a matter of minutes. joining us tonight is terry bartley, the man showing parents what it's like inside a parked hot car in hot weather. and he's here with his daughter madison tonight, thank you for coming on the show. great to have you here. you put together this video which we're going to show. i want to ask you why you did it? >> to raise awareness for parents around the world, but stop leaving our kids and pets and elderly and people in hot cars. gerri: i want to show the video now because you really did it.
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let's watch terry in a hot car. >> it's 86-90 degrees outside, and i'm sitting in the car with the windows rolled up, i want to know how it feels to left in the car year after year after year it always be some fool that wants to leave they kid in the back seat of the car and forget all about them. gerri: dramatic stuff. tell me what it felt like, you were there for 20 minutes and that's all you could take. what was it like? >> the air was suffocating, it's almost like getting in a preheated oven and just sitting in there, losing air. you see the sweat dripping down my face, trying to keep it out your eyes and everything, it's terrible. gerri: dramatic stuff, and you know what? this is a real public service what you did. i mean, i commend you for
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making this video. thank you so much. i want you to stand by. i want to bring in janet fennel with kids and cars.org, fighting this for a long time. tell me your personal story. there's a story behind this for you? >> we got involved in the child safety area when my husband and i were kidnapped. we were locked in the trunk of our car, and during the whole ordeal, we had no idea what our abductors had done with our then nine-month-old baby. the good news is obviously we survived and are here, but we went onto do some research to figure out how often people were being put in trunks of vehicles and what were the consequences? and people were being killed in there. gerri: it's astonishing how many folks every year die in one of these cars and how many people leave little children in
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them. this is really a compelling story, getting so much attention across the country. what is your message tonight for parents? >> our message is very strong and very simple. please do not think this is something that couldn't happen to you or your family. that's the worst mistake you can ever make, because we cannot guarantee that our brains will not fail us at the worst possible moment, and we have safety tips that are up on our website, and we'd like everybody to pull together and find the white house petition that we put online to have the government and the auto industry and the car seat makers and the safety advocates come together because we know we can eliminate this as a cause of injury and death to children. gerri: if i can, i want to bring terry back for one more question, if he's still there. terry, what is your message to parents tonight? >> i just -- i want to raise
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awareness. i want the people to understand that we should not leave our kids in the car at no time. i mean i also have a petition as well, and i want to make it a worldwide law for the parent, for the parents to just, to be more than just a misdemeanor and should be bumpedup to felony. misdemeanor is basically a slap on the wrist. gerri: terry and janette, thank you for joining us tonight, and madison, thanks for coming on the show. >> thank you. gerri: now we want to know what you think. here's your question tonight, how would you save a child trapped in a hot car? find the parents, call the police or smash the window. log onto gerriwillis.com and vote. i'll share the results after the break, and we'll be right back with my "2 cents more."
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so this board gives me rates on progressive direct and other car insurance companies? yes. but you're progressive and they're them. -yes. -but they're here. -yes. -are you... -there? -yes. -no. -are you them? i'm me. but the lowest rate is from them. -yes. -so them's best rate is... here. so where are them? -aren't them here? -i already asked you that. -when? -feels like a while ago. want to take it from the top? rates for us and them. now that's progressive. . gerri: how would you save a child trapped in a hot car?
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we just talked about this, and asked the question on gerriwillis.com. 1% said find the parents. 27% would call police and 74% would smash the window and get the child out. log on for our online question every weekday. when we were prepping segments on summer safety. we had no idea a malaysian airline boeing 777 would be shot out of sky killing everybody on board. meanwhile today fighting in the gaza strip is heating up. the israeli military began a ground incursion in gaza. it doesn't stop there. these aren't just stories halfway across the world, they hit your portfolio. the dow was up more than 100 point while investors pushed up gold and oil prices. the vix, wall street's feared gauge had biggest jump since april 2013. no story is local anymore, i guess. my advice amid all this destruction, keep one eye on our money, things are changing
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and it will hit your wallet. that's my "2 cents more." dvr the show if you can't catch us live. have a great night. "making money" with charles payne is coming up next. charles: tonight on "making money" -- the very latest on what we know about malaysia airlines flight 777. 280 passengers, 15 crew on board. an investigation is under way. and a one-two punch, major moves are made in the middle east. israel starting fighting in gaza and how close are we to all-out war there. considering the growing geopolitical risks, there will be an economic impact week don't know how much but we are going to discuss it tonight. all right, let's get right to the latest o

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